8 months ago, on election night, we were on top of the world after Polymarket called the election. 8 days later, the FBI broke down my door at 6am and took all my computers and phones, looking for anything that could imply foul play. While traumatic, it etched the story of Polymarket's accuracy, and the ensuing resistance, into the history of American politics. And today, I'm happy to announce that this chapter of the story is over. After cooperating and engaging, we've been cleared of any wrongdoing. Justice prevailed. God Bless America 🇺🇸

Two things on this… 1) Yes, I’m *highly* aware that Vanguard holds MSTR *on behalf* of its fund investors. Obviously. 2) I’m also very aware that Vanguard *has* to hold MSTR to properly track various indices. But if you don’t see the irony here, I don’t know what to tell you.

The fact that Vanguard is now the largest shareholder of $MSTR is proof that God has a sense of humor, or at least that was my reaction to @VildanaHajric who wrote story about it out today

JUST IN: BlackRock's spot Bitcoin ETF is now the company's most profitable ETF, Bloomberg reports.

Feeding frenzy in $IBIT today, 3rd most traded ETF today after $SPY and $QQQ (normally it's 15-20th spot). While we on topic of punching above weight, check out all the leveraged semi conductor ETFs. Wow. Degens are out in full force today.

It really is brain breaking when you stop to ponder it. IMO it’s similar to Jack Bogle creating the biggest fund co in U.S. 2x over yet not being in top 1000 richest Wall St-ers but on another level bc of the anonymity and scale. It’s nuts.

Europe isn't Dead it's just that investors are allocating wrong.. most of the growth is from emerging and small countries which isn't captured by big cap weighted ETFs and is why US invs and is why they aren't biting on Europe's outperformance this year. Equal weighting would help. Nice note from @psarofagis on the 'why do US investors want no part of Europe' question

I wrote last wk that $IBIT could hit $100b this summer, but hell, could be this month. Thx to recent flows + overnight rally it's already at $88b. At only 1.5yrs old is now 20th biggest in US, 7th biggest for BlackRock (and their #1 most profitable ETF). Un-freaking-believable.

This is a good point re the 'btc at ATHs with no retail interest' takes. The ETFs have $158b in assets, est HFs own 10% and mkt makers + true institutions own another 5%. The rest is direct retail OR advisors (who are investor for said retail invs) = $135b in 'retail interest'

Early bird gets the court at FDR. Had to get a match in bf Wimbledon final this morning. I predict Sinner will win convincingly.